FootballCoachScoop.com: Hawkins will not be back next season.

Colorado:
Sources tell FootballCoachScoop that Head Coach Dan Hawkins will not be back next season and could get bought out before seasons end. Sources
also tell us that the buyout is limited to three years and it would not cost CU no more than $2,550,000 to end Hawkins employment. The Athletic
Department is trying to find out where the buyout money will come from before they cut their ties with Hawkins.

Here's a post from Sept 14:

Colorado:
Hawkins' contract contains a clause limiting the school's liability to $850,000 per contract year if it should terminate him without cause. Hawkins would
have more than three years remaining if he was fired at any point this season. His contract runs through Jan. 31, 2013.

The school's total liability could approach $3 million under the terms of the deal if any partial year was prorated in a buyout. If the buyout was limited to three years, it would cost CU no more than $2,550,000. If CU athletic director Mike Bohn and Chancellor Phil DiStefano decided a change needed to be made, Hawkins would have the option of filing a claim for damages not to exceed the $850,000 per contract year. The process would then go to mediation where CU would hope to limit the buyout further. If the issue was not resolved after a month of mediation, it would be resolved in court. The athletic department remains in deeply in debt with the majority of an $8 million loan from the campus and the CU system in 2006 still to be paid off. Part of that debt was caused by the last coaching change when Bohn fired Gary Barnett at the end of the 2005 season and hired Hawkins. CU was heavily criticized for having to pay Barnett approximately $4 million when it fired him. The terms of Barnett's contract, negotiated by former athletic director Dick Tharp, required the settlement, and that led to CU trying to limit its obligations in Hawkins' contract. The department would have to borrow money to buyout Hawkins and it would be hard-pressed to do so in the current economic climate in which state funding is being significantly trimmed and some CU employees have already lost their jobs.

Never heard of this site before.. Found it when I was searching for Bohn's perfomance as an athletic director.. Thought I'd post it for the fire Talkins crowd.. :smile: Probably nothing but a media creation, right Hawk? :lol:

Colorado:
Sources tell FootballCoachScoop that Head Coach Dan Hawkins will not be back next season and could get bought out before seasons end. Sources
also tell us that the buyout is limited to three years and it would not cost CU no more than $2,550,000 to end Hawkins employment. The Athletic
Department is trying to find out where the buyout money will come from before they cut their ties with Hawkins.

Click to expand...

Does this mean it would cost more than $2.55 mil? :lol: What don't they not know that I don't not know?

FootballCoachScoop.com , was created in
2009 by a college football coach to provide
coaches and Athletic Directors across the
country with a PREMIER site that actually has
the up-to-date information our viewers are
looking for as we know coaches like to coach.

Click to expand...

It was created by a college football coach guys! It dates all the way back to 2009.

Created by the same kind of "football coach" who has been calling Squawkins and telling him he's doing everything right...

Colorado:
Sources tell FootballCoachScoop that Head Coach Dan Hawkins will not be back next season and could get bought out before seasons end. Sources
also tell us that the buyout is limited to three years and it would not cost CU no more than $2,550,000 to end Hawkins employment. The Athletic
Department is trying to find out where the buyout money will come from before they cut their ties with Hawkins.

Here's a post from Sept 14:

Colorado:
Hawkins' contract contains a clause limiting the school's liability to $850,000 per contract year if it should terminate him without cause. Hawkins would
have more than three years remaining if he was fired at any point this season. His contract runs through Jan. 31, 2013.

The school's total liability could approach $3 million under the terms of the deal if any partial year was prorated in a buyout. If the buyout was limited to three years, it would cost CU no more than $2,550,000. If CU athletic director Mike Bohn and Chancellor Phil DiStefano decided a change needed to be made, Hawkins would have the option of filing a claim for damages not to exceed the $850,000 per contract year. The process would then go to mediation where CU would hope to limit the buyout further. If the issue was not resolved after a month of mediation, it would be resolved in court. The athletic department remains in deeply in debt with the majority of an $8 million loan from the campus and the CU system in 2006 still to be paid off. Part of that debt was caused by the last coaching change when Bohn fired Gary Barnett at the end of the 2005 season and hired Hawkins. CU was heavily criticized for having to pay Barnett approximately $4 million when it fired him. The terms of Barnett's contract, negotiated by former athletic director Dick Tharp, required the settlement, and that led to CU trying to limit its obligations in Hawkins' contract. The department would have to borrow money to buyout Hawkins and it would be hard-pressed to do so in the current economic climate in which state funding is being significantly trimmed and some CU employees have already lost their jobs.

Don't feel like making a new thread for old news.. Just wanted to highlight everything this site has said on the Buffs since the site has gotten a lot of attention lately with their new post that Talkins is getting a buyout and will not be brought back..

Feel free mods to merge this into Slade's thread posting about today's news so we got everything about this site has said in one thread on Talkins

The school's total liability could approach $3 million under the terms of the deal if any partial year was prorated in a buyout. If the buyout was limited to three years, it would cost CU no more than $2,550,000. If CU athletic director Mike Bohn and Chancellor Phil DiStefano decided a change needed to be made, Hawkins would have the option of filing a claim for damages not to exceed the $850,000 per contract year. The process would then go to mediation where CU would hope to limit the buyout further. If the issue was not resolved after a month of mediation, it would be resolved in court. The athletic department remains in deeply in debt with the majority of an $8 million loan from the campus and the CU system in 2006 still to be paid off. Part of that debt was caused by the last coaching change when Bohn fired Gary Barnett at the end of the 2005 season and hired Hawkins. CU was heavily criticized for having to pay Barnett approximately $4 million when it fired him. The terms of Barnett's contract, negotiated by former athletic director Dick Tharp, required the settlement, and that led to CU trying to limit its obligations in Hawkins' contract. The department would have to borrow money to buyout Hawkins and it would be hard-pressed to do so in the current economic climate in which state funding is being significantly trimmed and some CU employees have already lost their jobs.

As Ive said numerous times while Boulder Buff simply flatly states "we have the money" that doesnt seem to be the case. We're gonna need $2.55 mil minimum for Hawkins and probably another $1.5mil for a new hire. $4million dollars. I know there is some change in my couch....

As Ive said numerous times while Boulder Buff simply flatly states "we have the money" that doesnt seem to be the case. We're gonna need $2.55 mil minimum for Hawkins and probably another $1.5mil for a new hire. $4million dollars. I know there is some change in my couch....

Click to expand...

But CU would have to pay a coach, whether it is Hawkins or Dave Logan.

So figuring in the money that would have to be used to pay the NEXT coach seems redundant.